ALBUQUERQUE RANKED #1 IN HOUSING APPRECIATION!
Albuquerque ranked first in home price appreciation in the annual survey of the nation's top 25 markets by Housing Predictor, an independent real estate market forcaster.Albuquerque is expected to increase 9.1 percent this year.
This positive prediction comes despite slipping home sales in the metro-Albuquerque market. Monthly home sales have fallen more than 10 percent each month since last summer, but despite the slowdown. prices have not dropped. Albuquerque was also cited in a recent nationwide survey of housing markets by Bankrate.com. While some markets are bottoming out, others are poised for growth. Albuquerque is experiencing strong population growth, and job creation in the city is also positive, at 3 percent. On a scale of 1 to 10, the city's affordability rating is now 5.1.
Albuquerque ranked first in home price appreciation in the annual survey of the nation's top 25 markets by Housing Predictor, an independent real estate market forcaster.Albuquerque is expected to increase 9.1 percent this year.
This positive prediction comes despite slipping home sales in the metro-Albuquerque market. Monthly home sales have fallen more than 10 percent each month since last summer, but despite the slowdown. prices have not dropped. Albuquerque was also cited in a recent nationwide survey of housing markets by Bankrate.com. While some markets are bottoming out, others are poised for growth. Albuquerque is experiencing strong population growth, and job creation in the city is also positive, at 3 percent. On a scale of 1 to 10, the city's affordability rating is now 5.1.
posted by Francis at 10:32 AM
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